Question: hi this is all multiple choice please complete all 5 questions thank you QUESTION 1: ABC Enterprises owns the following: Cash at bank Land and




QUESTION 1: ABC Enterprises owns the following: Cash at bank Land and buildings Furniture Office equipment Receivables Delivery vehicles 620 50000 6885 9800 5000 10000 ABC Enterprises owes the following amounts to: XYZ Traders Durban Motors Westville Furniture 9000 3100 1850 Calculate the equity of ABC Enterprises Use the accounting equation A=0E+L 67365 O 82305 O 13950 68355 82930 QUESTION 2: Calculate the missing figure using the basic accounting equation: Bank 7000 Capital 5000 Payables 11000 ? Furniture and fittings 0 7000 O 10000 O 5000 O 11000 O 9000 QUESTION 3: Calculate the missing figure using the basic accounting equation: Petty Cash Cash at bank Capital Drawings Payables 500 63800 50000 10380 ? O 70000 024680 O 50000 63400 99877 QUESTION 4 Alex is the owner of Omega Services which offers cleaning services. On 31 December 2016 Omega Services owns equipment amounting to R 120,000. Clients owe R 30,000 for services rendered and Omega Services owes R 25,000 to a supplier for cleaning supplies purchased. Omega services also has R 11,300 in cash at the bank. Calculate the equity for Omega Services at 31 December 2016. QUESTION 5: Calculate the missing figure using the basic accounting equation Cash float Bank overdraft Payables Drawings Capital Furniture Receivables 2000 15000 10000 5000 30000 28000
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